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FED's Lowering Interest Rates Could Crash Bitcoin (BTC)! How come?
The FED Pivot (interest rate cut) statement has always brought a decline in the markets.
The US Federal Reserve (FED) has recently increased interest rates. In the last meeting, the Fed kept interest rates constant. Last year, the Fed's rate hikes caused the leading cryptocurrency Bitcoin (BTC) and altcoins to experience huge drops.
Although the FED has increased interest rates in 2023, Bitcoin continues to rise as of this year. It is observed that the reason for this is that the markets price the possible developments in advance.
In recent days, it is seen that Bitcoin has experienced sharp rises again. Although BlackRock's spot BTC ETF application contributed to these increases, it is estimated that the main bullish factor as of now is the fact that the FED's interest rate cuts are starting to be priced in BTC.
When Can the Fed Start Rate Cuts?
Although the US Federal Reserve (FED) says it will not cut interest rates in 2023, it seems likely that it will cut interest rates in the last quarter of 2023 or the first quarter of 2024.
The announcement of the FED's Pivot (interest rate cut), in which we examined the historical data, has always brought sharp declines in the financial markets.
The crypto market and stock markets, which can rise by pricing this development until the FED's interest rate cut announcements, may fall hard with the realization of this news.
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